26


REFERENCE BANKS means The Royal Bank of Scotland plc, Bank
 of America NT&SA and Citibank N.A.

REFUND has the meaning specified in Clause 5.11(d).

RENT all amounts payable pursuant to Clause 5.3.

RENT ADJUSTMENT FACTOR has the meaning specified in Schedule 7.

RENT COMMENCEMENT DATE the date on which Lessor tenders the
 Aircraft for Delivery to Lessee under and in
 accordance with Clauses 4.1 and 4.2.

RENT DATE the first day of each Rental Period.

RENTAL PERIOD each period ascertained in accordance with
 Clause 5.2.

RETURN CONDITIONS means the conditions specified in
 Schedule 3.

SALES TAX any Tax that is, or is in the nature of, a
 sales, use, rental, leasing, value added,
 turnover, services, goods and services,
 consumption, transaction privilege, or
 similar Tax.

SCHEDULED DELIVERY DATE Month of May 2005.

SECURITY DEPOSIT all amounts payable pursuant to Clause 5.1.

SECURITY DEPOSIT AMOUNT has the meaning specified in Schedule 7.

SECURITY INTEREST any mortgage, charge, pledge, lien, security
 interest, assignment, hypothecation, right
 of setoff or other agreement or arrangement
 having the effect of creating an encumbrance
 other than a Permitted Lien.

SELLER Boeing.

SIMILAR LAWS any federal, state, local, non-U.S. or other
 laws or regulations that are similar to
 Section 406 of ERISA or Section 4975 of the
 Internal Revenue Code.

SOLVENT when used with respect to any Person, means
 that, as of any date of determination, (a)
 the amount of the "present fair saleable
 value" of